Hydro and Pumped Storage Trading & Bidding Optimization Solution & Cloud Services
QR Optimizer Provides End-to-end Trading Optimization & Automation to Maximize the Value of Hydro Assets
AI Price Forecasting. Trading Co-optimization. Trading Automation. Coverage: US ISOs & RTOs, European and world electricity markets & exchanges.
AI Price Forecasting
- Built-in probabilistic AI price forecast models generate upper, average, and lower-band forecasts to quantify uncertainty.
- Coverage includes intraday real-time, DAM, and DA (5–60 min), price, and reserves.
- Seamlessly integrated with trading optimization workflows.
- Delivery through intuitive dashboards and visualizations.
Hydro Asset Profit Optimization by 40%
We maximize a hydro asset trading P&L while minimizing its risk (VaR), by deploying sophisticated stochastic co-optimization algorithms, combined with 1000s of probabilistic AI price forecasts to leverage arbitrage opportunities across intraday real-time, DAM and DA energy, reserve, and balancing markets.
Trading Automation
- Hydro asset data management and performance monitoring in real-time.
- Bid mgmt web dashboard with API export to external trading systems.
- Automated bid submission to ISOs/RTOs, or electricity markets & exchanges.
- Comprehensive risk metrics w/ expected P&L and Value at Risk (VaR).
- Results delivery through interactive dashboards, detailed reports, and API integration.
QR Optimizer Integrates Key Advanced Technologies to Maximize the Trading Profitability of Hydro Assets under Risk and Uncertainty
Leverage sophisticated probabilistic AI forecasting and stochastic co-optimization to trade smarter, increase profit, and minimize risk while navigating intricate and volatile energy market dynamics.
Hydro Trading Optimization Outputs
- QR Optimizer computes for a hydro asset the optimal bids whose water release and generation profiles maximize the P&L, across 5-60 minutes trading periods, in DAM, DA, and intraday real-time energy and reserve markets.
- The solution also computes and displays in intuitive interactive dashboards a full P&L risk metrics (expected, 5% worst case VaR, and CVaR) and detailed nodal RTD positions.
AI Probabilistic Price Forecasts
QR AI Forecaster generates 1000s of probabilistic price forecasts from 0-100 percentiles for DAM, real-time, and DA energy and reserve prices in world power markets. These joint probability distributions of energy and reserve prices are seamlessly integrated with our stochastic trading optimization. All data is provided.
Stochastic Co-optimization & Risk Mgmt
Leveraging advanced stochastic co-optimization algorithms, QR Optimizer evaluates, for each trading period, the bidding strategies in energy and reserve markets, across 1000s of probabilistic energy and reserve price forecasts, and identifies the optimal charge and discharge scenarios that maximize the overall profit across all markets while minimizing risk (VaR, or CVaR), for a 24-hour period.
Trading Performance Analysis
A detailed real-time and post-trade trading analysis dashboard compares the detailed charge and discharge positions and P&L of the actual versus optimal scenarios: expected clearing dispatch resulting from the bids, and the corresponding cost and revenue from buy-sell in the energy and reserve markets.
Bidding & Scheduling
Trading web dashboard enables multiple traders to:
- Manage optimal bids in intraday and day-ahead trading in energy & reserves.
- Modify, validate, and export bids via API to external / third-party trading systems.
- Automatically submit bids to ISOs/RTOs, or electricity markets & exchanges.
- Monitor RTD, fuel, or the plant’s parameters.
Hydro Asset Trading Optimization Model
The model incorporates the following parameters and constraints:
- Nominal reservoir capacity.
- Daily and monthly min-max or target generation quantity.
- Conversion rate of water volume to electricity.
- Pump-up-down min-max rates and target quantities.
Advanced API Friendly Electricity Bidding Co-Optimization Ecosystem
QR AI Price Forecasting Dashboard
QR Bidding Trading & Scheduling Dashboard
QR DataHub for World Power Markets
Explore our Solutions | Request a Demo | Apply for a Free Trial
The following represents indicative fees for our cloud Bidding Optimization Services, where we provide everything, and you don’t need any software installation, hardware, or IT resources.
Alternatively, the platform can be implemented on a private cloud of your choosing where you control the environment. Actual prices are customized based on the specific requirements and configuration of each client.
| Package | Deliverable | Monthly Price Coal | Monthly Price Gas | Monthly Price Hydro |
|---|---|---|---|---|
| BASIC QR Forecaster |
| €/$ 0.03/MWh | €/$ 0.05/MWh | €/$ 0.05/MWh |
| STANDARD QR Optimizer |
| €/$ 0.06/MWh | €/$ 0.10/MWh | €/$ 0.12/MWh |
| PREMIUM QR Full Trader |
| €/$ 0.08/MWh | €/$ 0.12/MWh | €/$ 0.18/MWh |
For example, a 100 MW hydro plant that is operational and optimized at 75%, generates 54,000 MWh / month, and the resulting monthly fee for the STANDARD plan is $ 6840.
* Depending on the market, these are the typical products used for trading co-optimation.
| Energy DAM | Energy Intraday RTD | Reserves DAM & Intraday RTD | |
|---|---|---|---|
| US ISOs & RTOs | Hourly LMP DAM | 5 and 15-min RTD LPM | REG-UP/DOWN NSPIN RRS & ECRS |
| European Markets | Hourly Regional DAM | 15-min Continuous, Auction | aFRR Up/Down, mFRR Up/Down, Balancing |
Hydro Asset Trading & Bidding Optimization Benefits
- You can start with a free POC trial, where we configure one of your hydro assets in our solution in just a few days. We have ready-to-use cloud servers.
- Flexible implementation. QR Optimizer is licensed as a monthly subscription service. It can be installed on our cloud as a service, and you receive, via API and in web dashboards, the desired outputs, e.g., price forecasts, optimal bidding & trading schedules every 15 minutes, 24/7. No software installation, hardware, or IT resources are needed. Alternatively, it can be implemented on a private cloud of your choosing, or on-site, and you control the environment.
- Flexible commercial terms. The solution yearly license fee is commensurate to the capacity of your hydro asset. In no case will this solution cost anything, as it can generate profits worth several times its license cost. The powerful AI and algorithmic trading platform produces and can submit optimal bids every 15-min, 24/7, significantly increasing the hydro and pumped storage trading profit. Its automated nature allows you to eliminate the need for third-party trading companies, thus reducing costs.
- Ready-for-use with minimal configuration. We offer a large number of specially designed algorithms and models for bidding gas, coal and diesel power plants. These can be configured in days for your assets and markets.
- Market & Asset Agnostic. QR AI Forecaster and QR Optimizer are core components of this universal, API-friendly, cloud-based hydro and pumped storage trading optimization ecosystem. They are ready for deployment across United States ISOs and RTOs, as well as European and global energy markets. The co-optimization models and algorithms are fully configurable for any energy and reserve products in these markets.
